Best Bankruptcy Lawyers in Palm Coast, FL

Bankruptcy should be considered as a last resort. Many other alternatives should first be considered, including working with creditors to arrive at a payment plan within your budget or an assignment of assets pursuant to Florida statute. If there are assets that would normally be surrendered or distributed as a part of the bankruptcy process, an assignment of assets pursuant to Florida Statute may also be considered.

There are companies that promise to erase accurate negative credit reporting from your credit report for a fee. These are scams. Reporting must be in compliance with the Fair Credit Reporting Act.

Many people that file bankruptcy actually have their credit improved upon discharge, although the filing of bankruptcy is in itself considered negative. This is because through bankruptcy, most debts are usually discharged. Suddenly you do not owe these creditors any money, and you can not get another discharge through bankruptcy for a statutory period of time. Another way to say this is, you have an increased ability to pay outstanding debts in full because you owe money to fewer creditors. It is generally accepted that the best way to improve your credit score is to pay all bills on time.

There are numerous debts that may not be dischargeable. Some may seem obvious, such as domestic support obligations, however, many are not so obvious. Some debts may not be dischargeable given the facts and circumstances surrounding the debt. If you have a question as to whether or not a debt is dischargeable, you should seek the advise of an attorney.

You must file bankruptcy within the jurisdiction where you have lived for the last 180 days. If your jurisdiction is found to be in Baker, Bradford, Citrus, Clay, Columbia, Duval, Flagler, Hamilton, Marion, Nassau, Putnam, St. Johns, Sumter, Suwannee, or Union you are in the Middle District of Florida, and you would file in Jacksonville.